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Dec 4, 2013 7:00pm EST
it comes to this issue. still, it is safe to say this will be a primary focus for the obama administration in the months ahead. back to you. >> united states military is facing more but it cuts. hagel announced today that 200 positions will be eliminated from the office of the secretary of defense, but he said there will not be a large number of immediate layoffs. reductions that i have announced today will occur through a process of natural attrition in order to minimize the impact on our workforce. if the department is forced to one steep sequestration cuts the order of $500 billion, we may need to implement additional reductions. hagel adds that cuts will save about $1 billion over time. coming up, the fed says factories are giving the u.s. economy a boost but the latest beige book data is out. we will look at what else is expanding when "bottom line" on bloomberg television continues in just a moment. ♪ collects welcome back. let's show you how the equity markets finished. stocks fell for a fourth day. the longest him in 12 weeks. investors weighed economic data for clues on the timi
Dec 5, 2013 7:00pm EST
about present day. the obama administration warning about the lapse in unemployment benefits saying it may cost as many as 240,000 jobs but there's another side to the argument. should benefits and? when should they end? they are capped at 73 weeks in most states average fewer than that. >> they kick in after state benefits have run out and it was a program started under bush and continued under obama. it went from 99 weeks to 73. i don't know what the right number is but i do know that the 1.3 million americans who are getting unemployment benefits and having the stop on the 28th is bad politics and bad policy. >> today, john boehner told reporters at the presidents real focus ought to be on creating a better environment for our economy and creating more jobs for the american people. those jobs were there, shovel ready jobs that president obama spoke of often, would we be having this discussion about benefits? >> the unemployment rate has gone down from 2000 eight. whether there are enough or not, that is what politicians can debate around the edges. peoplelion, these are who come
Search Results 0 to 1 of about 2